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Oil demand is set to rise above pre-pandemic levels by the end of next year, the IEA said Friday, but producers have sufficient capacity to rise to the challenge.In its first detailed look at next year in its regular monthly review of the oil market, the International Energy Agency sees a gradual return of demand as vaccine distribution widens and economic. ....
Fuel uptake yet to return to pre-pandemic levels in Oman CONRAD PRABHU Pandemic-induced disruption continues to impact fuel sales across all business segments one year on 17 Fuel consumption yet to return to pre-pandemic levels in Oman SHARE Despite the passage of a year since Covid19 struck the Sultanate with devastating economic consequences, fuel consumption – an important indicator of economic activity still remains well below pre-pandemic levels, much to the unease of the country’s fuel marketing companies. All three of Oman’s leading fuel marketers have reported continued impacts to retail and bulk fuel sales due to pandemic-induced factors, chiefly closures and mobility restrictions, switch to work-from-home mode, sluggish consumer demand, and the uncertain economic outlook. ....
SkyCity Entertainment to seek $125m in bond issue 30 Apr, 2021 12:30 AM 3 minutes to read SkyCity s new VIP area. Photo / Supplied Casino giant SkyCity Entertainment Group wants to raise $125 million via a bond issue and says earnings will be well below pre-pandemic levels. The gaming, entertainment and hospitality business has released an offer document showing how it can receive an additional $50m, taking the offer up to $175m if it decides to. SkyCity has announced an offer of up to $125 million, with the ability to accept over-subscriptions of up to an additional $50 million at SkyCity s discretion, of six-year, unsecured, unsubordinated, fixed-rate bonds maturing on May 21, 2027 to institutional investors and New Zealand retail investors, it said. ....
SC restaurants strained by short-staffing SC restaurants strained by short-staffing By Chris Joseph | April 1, 2021 at 7:50 PM EDT - Updated April 2 at 2:19 PM COLUMBIA, S.C. (WIS) - Restaurants in South Carolina are open for business after a year wracked by the COVID-19 Pandemic. The key now is having people available to run them. South Carolina Restaurant and Lodging Association Chair Bobby Williams estimated the hospitality industry (including hotels) is short 5,000 workers. He also owns the Lizardâs Thicket chain and said he could hire 75 workers on any given day. Williams said federal aid in the form of stimulus checks and unemployment insurance is part of the problem. â[Workers] will take a month off or two months off, so when this money runs out I think people will be coming back to work,â he said. ....